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BofA to boost bonuses for bond traders

  Bloomberg Bank of America Corp. (BofA) is poised to boost bonuses for many of its bond traders and trim payouts for those handling stocks, people with knowledge of the matter said. The combined compensation pool will drop significantly, though fewer workers will divvy the rewards. Senior executives have earmarked as much as 10 percent more to pay the fixed-income ...

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German banks took stand against capital floors

  Bloomberg No wonder Germany is on the warpath against a proposed global standard for how banks calculate the capital they need: Its largest lenders rank among the worst when it comes to how they assess risk. That means Deutsche Bank AG and Commerzbank AG will be affected more than most big lenders and may have to raise additional capital, ...

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Bitcoin extends losses, slides another 12%

  Reuters Bitcoin plunged another 12 percent after China’s central bank urged investors to take a rational approach to the digital currency, which has is on track for its heaviest two-day falls in two years. Bitcoin had gained more than 40 percent in two weeks to hit a three-year high of $1,139.89 on Wednesday, just shy of its all-time record ...

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